It’s time to block reckless AI IPOs and tax billionaires | Naomi Klein and Ilana Glazer

We cannot let the billionaire class take unprecedented risks with our future… America is a divided country in crisis. Despite the sunny economic forecast coming from the Trump administration, millions of Americans are struggling to find and keep jobs, getting crushed under the rising cost of living, and losing health insurance when they need it the most.

Meanwhile, via corporate consolidation and political corruption, the billionaire class is getting richer faster than ever before: a 40% increase in wealth in just the last two years. Today, the combined wealth of nearly 3,000 global billionaires equals one-fifth of the entire world’s yearly output. Nearly 1,000 billionaires live and do business in the United States. The tools of their domination are tax loopholes, corporate mergers and, in the tech world where many of these billionaires exist, IPOs.

When a company goes public, its founders and investors win the capitalist lottery. And instead of paying their fair share of taxes and redistributing resources back into society, most turn around and fund even more corporate consolidation and political corruption to extend their dominion. Elon…